BVL closes with mixed indices: mining stocks rise but financial fall | Economy



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The Lima Stock Exchange (19659002) closed on Thursday with mixed indices, driven by higher shares of mining companies that showed strong financial returns and the best price of some metals; but affected by banking sector papers.

The selective index, consisting of 18 stocks with the highest liquidity and capitalization in Lima, decreased by 0.38% to 537.44 points. So far in 2018 is accumulating a gain of 4.48%.

For its part, the general index of the Lima Stock Exchange gained 0.33% to 20,414.42 points.

The role of the financial company Credicorp one of the largest in the selective index, lost 0.43% to 231 dollars, following its listing on the stock exchange New York ]

On the other hand, the action of the mining company Southern Copper rose 2.81% to 47.5 dollars, his best level in more than a month; while gold Buenaventura gain 1.42% to $ 13.59

Also, the role of Volcano increases by 1.2% to 0.84 soles . According to traders, the increase in mining stocks is in line with the profits they reported in their financial statements and at a better price for some base metals.

Base metals were stable on Thursday, after the European Union ] and United States agreed to negotiate on trade, which dispelled investors' fears about of a tariff war.

On the foreign exchange market, the Peruvian currency remained unchanged for local banks, whose positions were reduced after a partial renewal of future contracts; and green ticket offers from local businesses.

Source: Reuters

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